Shikho, an edtech startup based in Bangladesh, has raised US$4 million in a seed round led by Wavemaker Partners. The investment is in addition to the US$1.3 million in seed funding that Shikho secured in July 2021 from Silicon Valley-based LearnStart, Anchorless Bangladesh, and Wavemaker
Shikho offers academic courses for the Bangladeshi national curriculum secondary school certificate, higher secondary school certificate, and competitive university entrance exams. Its platform provides on-demand video lessons, live classes with tutors, data analytics to track performance and progress, and more.
Nearly 350,000 users across 64 districts of Bangladesh are using Shikho’s mobile platform, which launched in November 2020. Paid subscribers currently spend an average of 68 minutes on the app daily, according to the company. The company told the source that it previously raised a total of US$375,000 in two pre-seed rounds from LearnStart and a few angel investors in 2020.